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Multi-Family Zoned Lot Near EWU
For Sale
$460,000

7 5th Street, Cheney, WA 99004

16,000 sq ft multi-family zoned lot near Eastern Washington University.

Property Size16,000 SF
Lot Size0.37 Acres
Price / SF$28.75
Days on Market198

Property Features for 7 5th Street

General Information

Standard status Active
Size 16,000 SF
Lot size 0.37 Acres
Property subtype Land / Unimproved Land
Zoning MFR

Taxes and HOA fees

Annual Taxes $1,416

Amenities

A420/097
City Street, Paved Road
Listing Agency: Cheney Realty, Inc.
Listed By: Benji Estrellado · License #11892
Source: Compass
Added: Jan 23 Changed: Aug 8 Last Checked: Jul 16 at 7:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cheney Realty, Inc.

Investment Insights

Based on property information with market context.

This property presents a notable opportunity with a 16,000 square foot lot zoned for multi-family use. The location is approximately three blocks from Eastern Washington University and three blocks from Sutton Park. The property comprises two parcels. Properties of this size have been unavailable in Cheney for several years. This site is suitable for a significant investment project.

Key Highlights

  • 16000 sq ft lot zoned Multi Family
  • Only 3 blocks from Eastern Washington University
  • Only 3 blocks from Sutton Park

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Dental Office Law Firm Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Bakery Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

427
Businesses Nearby

Demographics for 99004, WA

23,064
Population
8,992
Households
2.6
Avg Household Size
29
Median Age
36%
College-Educated
93%
High-School Grad
334.3 sq mi
ZIP Area
69
Density / Sq Mi
$62,014
Median Household Income
$29,835
Median Earnings
$1,081
Median Rent
$368,500
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - 16,000 sq ft multi-family zoned lot near Eastern Washington University.
Where is this residential land & home lot located?
The property is located at 7 5th Street Cheney, WA.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 16000 sq ft lot zoned Multi Family; Only 3 blocks from Eastern Washington University; Only 3 blocks from Sutton Park
More about this property
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